Delta Airlines 2008 Annual Report Download - page 4
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Table of Contents
Index to Financial Statements
TABLE OF CONTENTS
Page
Forward-Looking Information 1
PART I
ITEM 1. BUSINESS 2
General Description 2
Airline Operations 2
Frequent Flyer Programs 5
Cargo 6
MRO 6
Fuel 6
Competition 7
Regulatory Matters 7
Employee Matters 10
Executive Officers 12
Additional Information 13
ITEM 1A. RISK FACTORS 14
Risk Factors Relating to Delta 14
Risk Factors Relating to the Airline Industry 19
ITEM 1B. UNRESOLVED STAFF COMMENTS 20
ITEM 2. PROPERTIES 21
Flight Equipment 21
Ground Facilities 22
ITEM 3. LEGAL PROCEEDINGS 23
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 24
PART II
ITEM 5.
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES
OF EQUITY SECURITIES 25
ITEM 6. SELECTED FINANCIAL DATA 28
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 30
General Information 30
Year in Review 30
Outlook 31
Background and Combined Financial Results of the Predecessor and Successor 32
Results of Operations—2008 Compared to 2007 Combined 33
Results of Operations—2007 Combined Compared to 2006 37
Financial Condition and Liquidity 42
Contractual Obligations 44
Application of Critical Accounting Policies 47
Glossary of Defined Terms 52
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 52
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 55
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 55
i